Indian stock markets closed lower on Tuesday as selling pressure in information technology stocks weighed on the benchmarks, while electric vehicle (EV) companies emerged as a bright spot after the Delhi government announced a new EV policy aimed at promoting the adoption of electric vehicles and improving air quality.Nifty closed 80.50 points or 0.34 per cent lower at 23,865.75, slipping below the key 24,000 mark.The Sensex closed at 76,478.67, down 249.70 points or 0.33 per cent.Despite weakness in leading indices, broader markets showed resilience. Nifty Smallcap 100 rose 1.02 per cent, while Nifty Midcap 100 rose 0.37 per cent, indicating continued investor interest in mid- and small-cap stocks.
nifty50 top gainers
| Company Name | Current Price (Rs.) | price change | % Change |
| Maruti Suzuki | 14,115 | 703.00 ↑ | 5.25% ↑ |
| Titan Company | 4,404 | 127.00 ↑ | 2.97% ↑ |
| Adani Ent. | 3,036 | 73.50 ↑ | 2.49% ↑ |
| Bajaj Finance | 1,005 | 22.70 ↑ | 2.32% ↑ |
| Tata Motors PV | 352.20 | 7.15 ↑ | 2.08% ↑ |
| eternal | 264.60 | 5.21 ↑ | 2.01% ↑ |
| Adani Ports SEZ | 1,810 | 34.10 ↑ | 1.92% ↑ |
| Nestle India | 1,405 | 17.90 ↑ | 1.30% ↑ |
| Bajaj Finserv | 1,780 | 20.90 ↑ | 1.19% ↑ |
| interglobe | 5,368 | 53.20 ↑ | 1.01% ↑ |
nifty50 top loser
| Company Name | Current Price (Rs.) | price change | % Change |
| Eicher Motors | 7,074 | -353.00 ↓ | -4.75% ↓ |
| infosys | 1,000 | -36.31 ↓ | -3.51% ↓ |
| tata consumer | 1,076 | -37.21 ↓ | -3.35% ↓ |
| tcs | 2,032 | -66.41 ↓ | -3.17% ↓ |
| wipro | 170.39 | -5.10 ↓ | -2.91% ↓ |
| HCL Tech | 1,072 | -30.61 ↓ | -2.78% ↓ |
| Tech Mahindra | 1,405 | -29.10 ↓ | -2.03% ↓ |
| Max Healthcare | 1,129 | -20.66 ↓ | -1.80% ↓ |
| HUL | 2,118 | -33.11 ↓ | -1.54% ↓ |
| Dr. Reddy’s | 1,357 | -18.61 ↓ | -1.36% ↓ |
sensex top gainers
| Company Name | Current Price (Rs.) | price change | % Change |
| Maruti Suzuki | 14,115 | 703.00 ↑ | 5.25% ↑ |
| Titan Company | 4,404 | 127.00 ↑ | 2.97% ↑ |
| Bajaj Finance | 1,005 | 22.70 ↑ | 2.32% ↑ |
| eternal | 264.60 | 5.21 ↑ | 2.01% ↑ |
| Adani Ports SEZ | 1,810 | 34.10 ↑ | 1.92% ↑ |
| Bajaj Finserv | 1,780 | 20.90 ↑ | 1.19% ↑ |
| interglobe | 5,368 | 53.20 ↑ | 1.01% ↑ |
| Trent | 3,283 | 24.30 ↑ | 0.75% ↑ |
| Bharti Airtel | 1,852 | 10.90 ↑ | 0.60% ↑ |
| NTPC | 356.65 | 0.55 ↑ | 0.16% ↑ |
Sensex top losers
| Company Name | Current Price (Rs.) | price change | % Change |
| infosys | 1,000 | -36.31 ↓ | -3.51% ↓ |
| tcs | 2,032 | -66.41 ↓ | -3.17% ↓ |
| HCL Tech | 1,072 | -30.61 ↓ | -2.78% ↓ |
| Tech Mahindra | 1,405 | -29.10 ↓ | -2.03% ↓ |
| HUL | 2,118 | -33.11 ↓ | -1.54% ↓ |
| ITC | 286.95 | -3.75 ↓ | -1.29% ↓ |
| ICICI Bank | 1,375 | -12.40 ↓ | -0.90% ↓ |
| SBI | 1,027 | -9.20 ↓ | -0.89% ↓ |
| Kotak Bank | 392.25 | -3.25 ↓ | -0.83% ↓ |
| Axis Bank | 1,346 | -11.10 ↓ | -0.82% ↓ |
EV stocks rise after Delhi policy announcement
Shares of EV-focused companies rose after the Delhi government on Monday unveiled its new electric vehicle policy to accelerate the adoption of clean mobility in the national capital.Shares of Ola Electric closed 8.37 per cent higher at Rs 43.76, while Ather Energy shares closed 5.24 per cent higher at Rs 1,140.55.The policy announcement provided support to EV stocks even as the broader market remained under pressure, with analysts pointing to continued investor confidence in India’s long-term electric mobility growth story.However, many traditional automobile companies remained under pressure.Hero MotoCorp fell 0.30 percent, Bharat Forge fell 0.96 percent and Eicher Motors fell 4.38 percent. Meanwhile, Tata Motors gained 1.87 per cent and Bosch gained 0.29 per cent.
IT shares have emerged as the biggest losers
The IT sector was the biggest laggard during Tuesday’s session, with the IT index falling more than 2 per cent.Major stocks that declined on BSE included Infosys, ITC, HCL Tech, TCS and Tata Steel. On the other hand, Maruti, Titan, Bajaj Finance, Eternal, Adani Ports, Bharti Airtel, IndiGo, Trent and NTPC were among the major gainers.Sector-wise, Nifty Midsmall Healthcare emerged as the top performer with a gain of 1.45 per cent, followed by Nifty Chemicals (1.42 per cent), Nifty Realty (1.31 per cent) and Consumer Durables (1.16 per cent).
The market remains in a consolidation phase
Market analyst Vipin Diksena said the benchmark index’s close below the 24,000 level reflects caution among investors but does not indicate a change in the broader trend.“With Nifty closing below 24,000 and widespread sentiment turning cautious amid profit-booking and sectoral selling, this is still a consolidation phase, not a trend reversal,” Diksena was quoted as saying by news agency ANI.He said EV stocks demonstrated relative strength despite weakness in the broader market.“EV stocks have shown relative strength even in a declining market, indicating long-term conviction. The macro story remains intact, but 1-2 sessions are needed to reset sentiments before the next phase,” Diksena said.
Rupee weakened against dollar
The Indian rupee weakened to close at 94.66 per dollar, compared to its previous close of 94.54 per dollar.Dilip Parmar, research analyst at HDFC Securities, attributed the currency pressure to global risk aversion and strong demand for the US dollar.“The Indian rupee declined for the third consecutive session, hit by persistent safe-haven inflows into the greenback and strong corporate dollar demand. The domestic currency remained under pressure due to broad risk-off sentiment in global markets,” Parmar said.According to Parmar, the USD/INR pair faces immediate resistance at 95.10, while a fall below 94.40 will act as a key support level.
